Stock market holiday: Financial markets to remain shut today for Ramadan Eid; here is what else is unavailable

Stock market holiday on 11th April 2024, Stock market holidays in April 2024: Domestic capital and money markets will remain shut today, April 12 on account of Ramadan Eid.  Trading in the country’s equity and bond markets will be unavailable for the entire day and will resume normally tomorrow, April 12.

Which segments will be unavailable on BSE?

Trading across all segments will be unavailable on April 11. According to the bourse’s website, bseindia.com, the cash, derivatives, and securities lending and borrowing (SLB) segments will be impacted on April 11, and will be back in action on April 12.

Will MCX also observe Ramadan Eid market holiday?

Multi Commodity Exchange (MCX) is shut for the morning session on account of Ramadan Eid while trading will be available for the evening session on Thursday itself. It conducts trading from 9:00 am to 5:00 pm and then from 5:00 pm to 11:30/11:55 pm session.

Next stock market holiday

The next stock market holidays are on April 17 and May 1, for Shri Ram Navami and Maharashtra Day, respectively.

After a mild correction on Tuesday, Indian stock indices were back in the green on Wednesday. The benchmark indices Sensex and Nifty rose about 0.5 per cent each during the day. Indian stocks extended positive momentum last week, the first week of the new financial year that started on April 1.

Going ahead, India's retail inflation data for March, which will be released on Friday and heat wave alerts from the weather bureau will be keenly watched by investors, for fresh market cues.

Retail inflation in India is at the RBI's two-six per cent comfort level but is above the ideal 4 per cent scenario. In February, it was 5.09 per cent. Inflation has been a concern for many countries, including advanced economies, but India has largely managed to steer its inflation trajectory quite well.

Further, sustained inflows of funds by foreign portfolio investors have also been supporting Indian stock markets. Foreign portfolio investors (FPIs) have become net buyers for the second month in March in Indian stock markets. They had aggressively sold Indian stocks and turned net sellers in the Indian equity market in January 2024.

The latest data from the National Securities Depository Limited (NSDL) showed that the FPIs bought stocks worth Rs 35,098 crore in March.  In February, they bought stocks worth Rs 1,539 crore. So far in April, they bought stocks worth Rs 10,117 crore, NSDL data showed. 

(with agency inputs)

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